OliverMcMillan, Capri Capital Start 208-Unit M-F Project in East Village Arts District

A new residential community is set to take shape in San Diego’s East Village Arts District. The new project was announced by the partnership consisting of Capri Capital Partners and OliverMcMillan. The two real estate companies specialize in developing city-street-oriented projects and providing financing for urban housing developments respectively. The new multifamily development will be known as The Lofts at 688 13th Street. The construction process is set to last for around two years.

Capri Capital Partners and OliverMcMillan have launched construction of a new residential community in San Diego’s East Village Arts District. Dubbed The Lofts at 688 13th Street, the 208-unit project will be completed in about two years. It is among the latest examples of redevelopment sparked by PETCO Park, the nine-year-old home of the San Diego Padres.

Located on three quarters of a city block, the property will offer studio, one-bedroom and two-bedroom units. Ground level units will feature floor-to-ceiling glass, and will be separated from the sidewalk by gated terraces.

Upper level apartments will feature views of the city, the complex’s landscaped courtyard or both. Ground-level units that face toward the courtyard will have private patios. The complex will incorporate two 2,660-square-foot street-level retail spaces, and the developers will widen the section of the 13th Street sidewalk adjacent to the new building.

Highlights of resident amenities at The Lofts at 688 13th Street will be a roof deck offering architectural lighting, steel and wood trellises, lounge seating, fire pits and an enclosed pet area. Extensive common areas and a media lounge, as well as a Fully Fit Gym, will round out the common-area facilities.